Global Managed Detection and Response (MDR) Industry Report 2024: Opportunities in Enhancing MDR with Complementary Services and Tools, Providing Localized Support Through SOCs and Language Coverage

Dublin, April 08, 2024 (GLOBE NEWSWIRE) -- The "Global Managed Detection and Response Growth Opportunities" report has been added to's offering.

MDR is a managed security service that provides a combination of security tools, controls, and human expertise to deliver proactive 24x7 monitoring of a security environment and perform detection and response. While organizations have been providing SOC services for many years, MDR as a service has evolved. The change is due to fierce competition from inside and outside the MDR space and compounding external factors, such as the evolving threat landscape, the COVID-19 pandemic, and challenging geopolitical situations.

Several years ago, MDR was a security service focused on monitoring the environment and alerting customers' security teams about cyber threats. It was fit for small and medium-sized businesses wanting help to handle security operations. Today, MDR is a threat detection and response powerhouse equipped with in-built capabilities for advanced threat investigation and threat hunting, augmented by AI, ML, and automation as well as collaborative features that work in unison with customer teams to manage their security stacks.

The MDR competitive environment is intense due to the influx of new competitors and the service's constant evolution. MDR is a well-established solution category in the cybersecurity space, and adoption is expected to accelerate in 2024. MDR companies will continue to thrive and differentiate themselves with their unique offerings as a growing number of organizations discover how the service can fulfill their present and future security needs.

Converging evolution with XDR solutions, increasing competitive intensity, leveraging generative AI and LLM algorithms to empower analysts, providing visibility and response capabilities across all environments, and increasing customer maturity and resilience will be the driving factors in the development of MDR platforms for the foreseeable future.

Key Topics Covered:

Growth Opportunity Analysis

  • Scope of Analysis
  • MDR's Core Aspects
  • MDR Evolution and Trends
  • Key Competitors
  • Key Growth Metrics
  • Growth Drivers
  • Growth Restraints
  • Forecast Assumptions
  • Revenue Forecast
  • Revenue Forecast by Region
  • Revenue Forecast by Industry Vertical
  • Revenue Forecast by Company Size
  • Revenue Forecast Analysis
  • Pricing Trends and Forecast Analysis
  • Competitive Environment

Growth Opportunity Universe

  • Growth Opportunity 1: Enhancing MDR with Complementary Services and Tools
  • Growth Opportunity 2: Extending Visibility Over the Environment and Increasing Versatility with Third-party Integration
  • Growth Opportunity 3: Leveraging AI, ML, and LLMs to Improve the Analyst Experience
  • Growth Opportunity 4: Providing Localized Support Through SOCs and Language Coverage

Insights for CISOs

  • Any Type of Organization can Leverage MDR
  • Points to Consider Before Deploying an MDR Service
  • MDR versus XDR - Convergent Developments

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